The newly launched Ethereum layer 2 network, Blast, attracted $30 million in ether and stablecoins within hours. Blast offers yield generation with its unique model, integrating ETH staking for automatic growth. Scheduled for mainnet launch in February, it’s presently invite-only. Funds staked on Lido offer up to 4% annual yield. USDB, Blast’s stablecoin, and the platform’s promising design drove investor interest, backed by a $20 million funding round led by Paradigm and Standard Crypto.
New Ethereum Layer 2 Blast Attracts $30M Hours After Bridge Goes Live
